FRANKFURT (Reuters) -Mark Branson, the president of Germany’s bank watchdog BaFin, said on Wednesday that the nation’s financial firms were in a strong position but that uncertainty would remain extremely high. “The possibility that problems in the non-banking sector have an impact on banks cannot be ruled out just because we have weathered the turbulence […]
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Germany finance regulator: banks strong but uncertainty high
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FRANKFURT (Reuters) -Mark Branson, the president of Germany’s bank watchdog BaFin, said on Wednesday that the nation’s financial firms were in a strong position but that uncertainty would remain extremely high.
“The possibility that problems in the non-banking sector have an impact on banks cannot be ruled out just because we have weathered the turbulence well so far,” Branson said.
(Reporting by Tom Sims and Frank Siebelt, Editing by Rachel More)